RETIREMENT ELIGIBILITY RULES

RETIREMENT ELIGIBILITY RULES

INCLUDED IN THIS PRESENTATION

> PERS 1, 2, or 3

? (Public Employees Retirement System)

> TRS 1 or 3

? (Teachers Retirement System)

> LEOFF 2

? (Law Enforcement Officers' and Fire Fighters' Retirement Plan)

AGENDA

> Introduction to the DRS > Retirement eligibility rules > Retirement income options > PEBB Retiree Health Insurance Eligibility > Medicare & Enrollment > PEBB Retiree Health Insurance Enrollment > Retiree Life Insurance > Annual leave and sick leave pay-out (VEBA) > Retirement Checklist > Working after retirement > UW Retirement Association

Terms

> DRS ? Department of Retirement Systems > PERS ? Public Employees Retirement System > TRS ? Teacher's Retirement System > LEOFF ? Law Enforcement Officers and Fire Fighters Retirement

System > ERF ? Early Retirement Factor > AFC ? Average Final Compensation > SCY ? Service Credit Years

RETIREMENT ELIGIBILITY

PERS 1/TRS 1

> At least age:

? 60 with 5 Service Credit Years; or ? 55 with 25 Service Credit Years; or ? ANY AGE with 30 Service Credit Years

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